Market Summary
Since the referendum to leave the EU in 2016, investors have turned away from UK shares, because the political backdrop created an excessive amount of market uncertainty. Big banks on Wall Street, charged with investing billions of dollars of company’s money every year skewed their portfolios away from the UK. Retail investors also preferred to look in other areas for investment opportunities. Over the previous 12 months alone, UK traders have taken nearly £10 billion out of UK equity funds – preferring as a substitute to send their money throughout the pond to the US stock market. The table below …